An announcement from GCP Infra Invt Shs GBP ( (GB:GCP) ) is now available.
GCP Infrastructure Investments Limited has repurchased 271,482 of its own ordinary shares at an average price of 75.44 pence per share, to be held in treasury. This transaction, authorized by shareholders, affects the company’s total voting rights, which now stand at 853,821,116, excluding treasury shares. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
More about GCP Infra Invt Shs GBP
GCP Infra is a closed-ended investment company and a constituent of the FTSE-250, with shares traded on the London Stock Exchange. It aims to provide shareholders with regular, sustained, long-term distributions and preserve capital by investing in UK infrastructure debt and related assets. The company focuses on infrastructure projects with long-term, public sector-backed revenues and seeks to incorporate partial inflation protection where possible. GCP Infra is advised by Gravis Capital Management Limited and has received the London Stock Exchange’s Green Economy Mark for its positive environmental contributions.
YTD Price Performance: 9.86%
Average Trading Volume: 1,496,422
Technical Sentiment Consensus Rating: Strong Sell
For detailed information about GCP stock, go to TipRanks’ Stock Analysis page.